Saving money and dieting belong to the same category: The Toughest and Most Popular New Year's Resolutions!
Best Money Saving Tips article at MoneyRates.com will help you save all the money you want no matter what, by listening to the best tips from the pros and choosing what fits your situation best. Here are some tips that got my attention:
In the article, Anna Belov recommends to save in small steady chunks ahead of upcoming purchases. This strategy is called a sinking fund:
"A sinking fund helps you save up for an upcoming expense in small regular amounts. For example, you could create a vacation sinking fund and auto-deposit $50 bi-weekly into it from your paycheck.
By the end of the year, you'd have 26 x $50 = $1,300."
- Anna Belov
Click here to read full details.
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Anna Belov is a successful investor with a cash positive real estate portfolio in Ontario, Canada. When Anna and her husband both lost their jobs in 2012, they were determined to take control of the situation and build a safety net for the future so that they would never have to worry about living from paycheque to paycheque. In under five years, Anna acquired 20 rental units while working full-time and being a mom of three.
Anna is the author of the book, Just Over Broke? How to Invest in Assets and Eliminate Liabilities – the sincere Canadian blueprint to escaping paycheque-to-paycheque life.
To book an interview, workshop or a speaking engagement with Anna, please contact us.